JeevanKapaganti

A nice Gartley Pattern in a Triangle on SPX500.

Short
JeevanKapaganti Updated   
FX:SPX500   S&P 500 Index
Very Interesting R/R. A nice gartley pattern inside a triangle.
Possible C Wave extension(127.1) to 1741.9. SPX500

Stop Loss above 2117. I would close the trade if a breakout occurs above the top TL.

Have a look at my take on the long term outlook in the picture below.


Good Luck trading.

Regards,

JK.
Comment:
Be Careful...Consolidation Taking place... I would close the position if a higher High Higher Close forms above Point X
Comment:
Target 1 closed. Remaining Trades moved to BE.
Comment:
Target 2 Closed. Stop is now a trailing stop with DMA.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.